DIPLOMA OF FINANCIAL PLANNINGRG 146 ACCREDITATION

The Diploma of Financial Planning enables you to quickly gain the required Diploma of Financial Planning (FNS 50611) allowing you to legally give advice in SMSFs, Securities, Managed Investments, Superannuation and Life Insurance.

With the removal of the accountants exemption in July 2016, you will need to meet ASIC’s Regulatory Guideline 146 (RG 146) to continue to give advice in relation to financial services and products.

This vital qualification offers so much more than an education program, it will also provide you with practical tools to help you implement financial planning as an additional revenue stream in your practice.

Designed in partnership with Mentor Education, it gives credit for your accounting qualification, only assessing gaps in your knowledge and bundling assignments to minimise study and class time.

LEARNING OUTCOMESThe aim of the course is to meet ASIC’s requirements and to enable you to build broader and deeper relationships, as you grow to become a trusted advisor across all of your client’s financial needs.

Upon completion, you will be equipped to provide compliant financial advice to meet the objectives of retail clients in the areas of:

• Life Insurance

• Superannuation

• Self-Managed Super Funds (SMSF)

• Managed Investments

• Securities

This will enable you to confidently engage with a broad client base, identify fundamental financial advice needs and develop broad strategies to meet their needs.

WHO SHOULD ENROL?This course is designed if you are seeking to -

• Qualify to provide advice in the financial products to your clients.

• Use study time efficiently and minimise time away from the office.

• Diversify client services and revenue opportunities by starting your own financial planning division or entering into a referral arrangement and/or joint venture with a financial planner.

• Meet ASIC’s RG146 regulatory education requirement.

• Be recognised for current knowledge by undertaking a GAP assessment and only study in the areas where you have a gap in knowledge.

• Earn CPE hours, ensuring you meet the IPA’s annual requirements.

COURSE OVERVIEW

ASSESSMENTWe have designed our assessment activities in line with best practice standards to help you deliver quality advice outcomes to your clients.

Each subject includes practice multiple choice knowledge tests. At the end of the program, you will be required to prepare a financial plan involving:

• Short answer responses to a practical case studies

• A client/adviser engagement case study simulation roleplay, conducted over the telephone.

Being a quality educator in the financial services industry, we recognise that you have other commitments. To help you access the right resources and expertise to balance your career, life and other priorities, we’ve designed a range of flexible study options to suit you.

ONLINE LEARNINGSelf-paced online learning provides you:

• Flexibility to study online anywhere

• Access to an experienced financial adviser between Monday to Friday, 9am – 5pm by telephone and email to receive timely support and feedback

• Twelve months to complete your assessment tasks

• Accredited CPE hours as you learn in real time

EXPRESS CLASSROOM LEARNINGWe also offer you the opportunity to study the complete course in just eight days via an express classroom workshop, facilitated by industry professionals skilled at making the workshop experience interactive, incorporating real life examples of today’s marketplace.

More details can be found at publicaccountants.org.au/dfp8.

STUDY OPTIONS

FINANCIAL ADVICE FUNDAMENTALSPart 1: Personal Taxation

Part 2: Social Security

Part 3: Wealth Creation Fundamentals

Part 4: Estate Planning Fundamentals

Part 5: Establishing Client Relationships

Part 6: Identify Client

OBJECTIVES & FINANCIAL SITUATIONPart 7: Analyse Client Objectives &

Financial Situation

Part 8: Develop Strategies & Solutions

Part 9: Present Strategies & Solutions

Part 10: Implement Agreed Plan

Part 11: Provide Ongoing Advice

COURSE OUTLINE

FINANCIAL ADVICEAustralian Industry Essentials and Fundamentals of Financial Advice must be the first subjects completed before any of the specialist knowledge subjects.

AUSTRALIAN INDUSTRY ESSENTIALSPart 1: Australian Economy

Part 2: Australian Financial Markets

Part 3: Investment Funds

Part 4: Regulatory Environment

Part 5: Corporations Act

Part 6: Licensees and Representatives

Part 7: Ethics in Practice

LIFE INSURANCE ADVICEThis specialist knowledge area will equip you with the expertise and technical skills to provide compliant life insurance advice to clients on:

CORE AREAPart 1: Understanding Insurance

Part 2: Operation of Insurance Markets

Part 3: General Insurance

Part 4: Personal Insurance

Part 5: Advisory Functions

Part 6: Legal Obligations and Compliance

SPECIALIST AREAPart 1: Life Insurance Market

Part 2: Term Life Insurance

Part 3: Total and Permanent Disability (TPD)

Part 4: Trauma Insurance

Part 5: Income Protection Insurance

Part 6: Business Insurance

Part 7: Life Insurance, Taxation and Superannuation

Part 8: Role of the Adviser

SUPERANNUATION ADVICEThis specialist knowledge area will equip you with the expertise and technical skills to provide compliant superannuation advice to clients on:

Part 1: Introduction to Superannuation

Part 2: Superannuation Eligibility

Part 3: Compulsory Contribution to Superannuation

Part 4: Tax Concessions on Superannuation

Part 5: Withdrawals on Superannuation and ETP’s

Part 6: Retirement Income Streams

Part 7: Social Security Pensions

Part 8: Duties of Superannuation Trustees

Part 9: Self-Managed Super Funds SMSFs

Part 10: Providing Superannuation Advice

INVESTMENT ADVICEThis specialist knowledge area will equip you with the expertise and technical skills to provide compliant managed investment and securities advice to clients on:

Part 1: Financial Markets

Part 2: Managed Investments

Part 3: Securities - Money Market Investments

Part 4: Securities - The Bond Market

Part 5: Securities - Shares

Part 6: Securities - Property Securities

Part 7: Specialised Investments

Part 8: Constructing Portfolios

Part 9: Derivatives

Part 10: Use of Leverage

Part 11: Taxation Issues for Investors

Part 12: Conducting Research

FINANCIAL PLAN CONSTRUCTIONUpon completion of the specialist knowledge subjects, a Statement of Advice (SoA) is researched, developed, implemented, presented, and reviewed.

The Statement of Advice Skills Assessment is undertaken upon completion of DFP-1 through to DFP-4, and is made up the following -

Part 1: Conduct Complex Research

Part 2: Develop a Financial Plan

Part 3: Implement a Financial Plan

Part 4: Ongoing Client Service

Part 5: Telephone based roleplay

COURSE OUTLINE

SMSF ADVICEThis specialist knowledge area will equip you with the expertise and technical skills to provide compliant Self-Managed Superannuation Funds (SMSF) advice to clients on:

Part 1: Superannuation Fundamentals

Part 2: Introducing SMSFs

Part 3: Forming an SMSF

Part 4: Obligations of Trustees

Part 5: Contributing to an SMSF

Part 6: Investments by an SMSF

Part 7: Investment Opportunities for an SMSF

Part 8: Pensions & Withdrawals from an SMSF

Part 9: Estate Planning in an SMSF and Winding up an SMSF

CORE UNITS

BSBITU402A Develop and use complex spreadsheets

FNSASICZ503A Provide advice in Financial Planning

FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations

FNSFPL502A Conduct financial planning analysis and research

FNSFPL503A Develop and prepare financial plan

FNSFPL504A Implement financial plan

FNSFPL505A Review financial plan and provide ongoing service

FNSFPL506A Determine client requirements and expectations

FNSINC401A Apply principles of professional practice to work in the financial services industry

ELECTIVE UNITS

FNSFPL507A Provide financial planning advice

FNSFPL508A Conduct complex financial planning research

FNSIAD501A Provide appropriate services, advice and products to clients

FNSINC501A Conduct product research to support recommendations

FNSCUS505A Determine client requirements and expectations

UNITS OF COMPETENCY DIPLOMA OF FINANCIAL PLANNING

ASIC UNITS

FNSASICU503A Provide advice in Superannuation

FNSASICX503A Provide advice in Life Insurance

FNSASICT503A Provide advice in Managed Investments

FNSASICW503A Provide advice in Securities

FNSFMK502A Analyse financial market products for clients

FNSFMK503A Advise clients on financial risk

FNSCUS506A Record and implement client instructions

SMSF ADVICE

FNSSMS601A Provide advice in self-managed superannuation funds

FNSASICZ503A Provide advice in financial planning

FNSSMS501A Invest self-managed superannuation funds assets

FNSSMS505A Support trustee in the selection and performance monitoring of outsourced services

FNSSMS602A Apply taxation requirements when advising in self-managed superannuation funds

FNSSMS603A Apply legislative and operational requirements to advise in self-managed superannuation funds

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